Harel Insurance Investments & Financial Services Ltd. Lowers Holdings in JFrog Ltd. (NASDAQ:FROG)

Harel Insurance Investments & Financial Services Ltd. decreased its position in JFrog Ltd. (NASDAQ:FROG) by 22.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,674 shares of the company’s stock after selling 495 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in JFrog were worth $58,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Raymond James & Associates raised its stake in JFrog by 9.3% in the first quarter. Raymond James & Associates now owns 44,511 shares of the company’s stock worth $1,200,000 after buying an additional 3,800 shares in the last quarter. US Bancorp DE raised its stake in JFrog by 2,303.3% in the first quarter. US Bancorp DE now owns 2,211 shares of the company’s stock worth $60,000 after buying an additional 2,119 shares in the last quarter. Cetera Advisor Networks LLC raised its stake in JFrog by 74.3% in the first quarter. Cetera Advisor Networks LLC now owns 11,758 shares of the company’s stock worth $317,000 after buying an additional 5,012 shares in the last quarter. Rhumbline Advisers raised its stake in JFrog by 2.4% in the first quarter. Rhumbline Advisers now owns 56,791 shares of the company’s stock worth $1,531,000 after buying an additional 1,331 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in JFrog in the first quarter worth approximately $10,228,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Price Performance

Shares of FROG opened at $37.49 on Wednesday. The firm has a market capitalization of $3.82 billion, a PE ratio of -62.48 and a beta of 0.99. JFrog Ltd. has a 1-year low of $17.11 and a 1-year high of $48.81. The company’s fifty day moving average price is $42.29 and its 200-day moving average price is $33.66.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). The firm had revenue of $97.26 million for the quarter, compared to analyst estimates of $93.07 million. JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. As a group, research analysts anticipate that JFrog Ltd. will post -0.21 EPS for the current fiscal year.

Insider Buying and Selling at JFrog

In other JFrog news, Director Yossi Sela sold 45,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $42.87, for a total value of $1,929,150.00. Following the sale, the director now directly owns 380,312 shares of the company’s stock, valued at $16,303,975.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other JFrog news, Director Yossi Sela sold 45,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $42.87, for a total value of $1,929,150.00. Following the sale, the director now directly owns 380,312 shares of the company’s stock, valued at $16,303,975.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total transaction of $1,201,550.00. Following the completion of the sale, the director now directly owns 4,909,432 shares in the company, valued at $168,540,800.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 502,555 shares of company stock valued at $22,219,617. 30.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FROG. Truist Financial boosted their price objective on shares of JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. Bank Of America (Bofa) upped their price target on JFrog from $36.00 to $54.00 in a research report on Thursday, March 7th. Scotiabank initiated coverage on JFrog in a research report on Thursday, March 7th. They set a “buy” rating on the stock. Cantor Fitzgerald upped their price target on JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. Finally, KeyCorp initiated coverage on JFrog in a research report on Tuesday, March 19th. They set an “overweight” rating and a $52.00 price target on the stock. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.46.

JFrog Profile

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.